WASHINGTON — House Democratic leader Nancy Pelosi says she’s hopeful lawmakers can come to a deal to avoid a year-end “fiscal cliff” but any agreement has to include tax rate increases for the wealthy.

She tells ABC’s “This Week” that she can’t accept a deal that caps deductions and closes some loopholes but does not alter current tax rates for the wealthy.

The California Democrat says “just to close loopholes is far too little money” and other ideas have to be considered. Republicans have suggested they are open to finding more revenues.

Lawmakers are facing expiration of the George W. Bush-era tax deductions and across-the-board spending cuts that automatically hit in January – the result of Congress’ failure to reach a deficit-cutting deal last year.

Also on HuffPost:

Loading Slideshow...
  • John Boehner

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 112th Congress (2011-present)

  • Nancy Pelosi

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 110th & 111th Congress (2007-2011)

  • Dennis Hastert

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 106th-109th Congress (1999-2007)

  • Newt Gingrich

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 104th & 105th Congress (1995-99)

  • Thomas Foley

    (Pictured left) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 101st-103rd Congress (1989-95)

  • Jim Wright

    (Pictured right) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 100th & 101st Congress (1987-89). Resigned from the House of Representatives on June 6, 1989.

  • Tip O’Neill

    (Pictured center) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 95th-99th Congress (1977-87)

  • Carl Albert

    (Pictured center) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 92nd-94th Congress (1971-77)

  • John McCormack

    (Pictured center) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 87th-91st Congress (1962-71)

  • Sam Rayburn

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 76th-79th Congress (1940-47), 81st & 82nd Congress (1949-53), 84th-87th Congress (1955-61). Died on Nov. 16, 1961.

  • Joe Martin

    (Pictured right) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 80th & 83rd Congress (1947-49, 1953-55)

  • William Bankhead

    (Pictured back row, left) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 74th-76th Congress (1936-1940). Took over after the death of Joseph Byrns on June 4, 1936. Died in office on Sept. 15, 1940.

  • Joseph Byrns

    (Pictured left) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 74th Congress (1935-36). Took over after the death of Henry Rainey on Aug. 19, 1934. Died in office on June 4, 1936.

  • Henry Rainey

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 73rd Congress (1933-34). Died in office on Aug. 19, 1934.

  • John Garner

    <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 72nd Congress (1931-33)

  • Nicholas Longworth

    (Pictured back row, 2nd from right) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 69th-71st Congress (1925-31)

  • Frederick Gillett

    (Pictured second from left) <a href=”http://artandhistory.house.gov/house_history/speakers.aspx”>Speaker Of The House</a>, 66th-68th Congress (1919-25)